Samsang invests in a major overhaul of its rewards package for staff.This includes a 10% increase in basic salary, individual and team bonuses plus an increase to 30 days holiday per year (from the statutory minimum). What best summarises the motivation focus of the above rewards strategy? A. Intrinsic B. Outcome C. Expectancy D. Extrinsic C A B D

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Samsang invests in a major overhaul of its rewards package for staff.This includes a 10% increase in basic salary, individual and team bonuses plus an increase to 30 days holiday per year (from the statutory minimum). What best summarises the motivation focus of the above rewards strategy? A. Intrinsic B. Outcome C. Expectancy D. Extrinsic C A B D

Answer 1

A company's reward strategy can motivate employees in different ways, either through intrinsic or extrinsic rewards. Intrinsic motivation comes from the personal satisfaction from the job itself or from the feeling of achievement. Examples include recognition, job satisfaction, etc. Extrinsic motivation, on the other hand, comes from receiving a reward, such as an increase in pay or additional vacations which are directly aimed at enticing the workforce into improving their productivity. In this particular case, Samsang is employing extrinsic rewards—a wage increase, team bonuses, and more holiday time—to motivate its employees.

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